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Moomoo Malaysia Surpasses 100,000 Clients; Becomes No.1 Most Downloaded Financial App in Malaysia

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KUALA LUMPUR, MALAYSIA 22 April 2024 – Moomoo Malaysia, a next generation technology broker, has rapidly surpassed a monumental milestone of 100,000 clients within just six weeks of its launch. This achievement has also propelled it to become the most downloaded financial app in Malaysia, reflecting a transformative impact on how Malaysians engage with financial markets and heralding a shift towards innovative, digital-first investment solutions.

Since its debut, moomoo has attracted over 200,000 Malaysian users to its platform, of which 80% are predominantly tech savvy and digitally native young adults. This demographic is actively reshaping perceptions of financial readiness and are proactively preparing for their futures, demanding direct control over their wealth by leveraging the latest technological advances to manage their financial affairs efficiently—characteristics that moomoo has adeptly catered to with its cutting-edge platform.

Redefining Investment in Malaysia through Accessibility and Advanced Technology

Moomoo offers unparalleled access to global markets, including stocks, Exchange Traded Funds (ETFs), REITs, Warrants and more from the US and Malaysia market within a single unified platform. The platform employs advanced technology to provide a comprehensive suite of financial tools and real-time data, empowering investors to make informed decisions efficiently.

Underpinning moomoo’s commitment to providing superior market access and trading tools is its strategic partnership with Nasdaq. This collaboration has enabled moomoo to offer Malaysian investors exclusive access to Nasdaq TotalView—a real-time data feed that provides the deepest insights available into market orders. This not only enables informational equality through access to professional-grade data but also enhances retail investors ability to make informed trading decisions. The integration of Nasdaq’s powerful analytics and data with moomoo’s user-friendly interface exemplifies the synergy between leading technology and accessible financial services.

Ivan Mok, CEO of Moomoo Malaysia, emphasises the importance of this partnership: “Working with Nasdaq allows us to equip our clients with comprehensive and real-time market data previously available only to a select few. This level of insight is crucial for making informed decisions in today’s fast-moving markets and is a game-changer for our users.”

Empowering Financial Literacy and Making Investing ‘Less Alone’

Moomoo also actively promotes financial literacy by seamlessly integrating educational resources within its platform. Beyond traditional trading, the platform integrates comprehensive educational resources, making complex financial concepts accessible to everyone from seasoned traders to novices. This commitment to providing essential educational tools showcases Moomoo Malaysia’s dedication to financial inclusion within the financial sector.

In addition to its educational initiatives, moomoo has also pioneered the concept of “social investing” by establishing an interactive, real-time online community within the app, known as the ‘Moo community’. This platform supports learning and interaction among Malaysian investors, with access to over 1,000 experts and a global community of 22 million investors. A growing number of Malaysians are now engaging with investment courses, acquiring knowledge, and exchanging experiences and insights with other investors worldwide through this vibrant community.

“Looking ahead, we will continue to innovate and introduce more features and services tailored to Malaysian investors. The personal finance landscape is evolving rapidly, driven by technological advancements and changing investor expectations,” said Ivan Mok, CEO of Moomoo Malaysia. “We are committed to enhancing the investment experience with smarter tools and deeper insights. Our mission is to not only grow with the Malaysian market but to lead it, shaping the future of investing in the region.”

For more information on moomoo’s offerings, please visit www.moomoo.com/my.

8 Comments

  • I’m the one who are in that 100,000 downloader to this apps haha
    What I found to this apps, it is quite cheap from other trading apps which I have been try some before.
    and some dont offer trading paper to practice even got demo account couldnt be same with Moomoo.

    • Yupp.. Moomoo’s fees are really competitive, the lowest in Malaysia for sure. And the paper trading feature is spot-on, can practice trading risk-free with a virtual account loaded with 1 million USD/MYR.

  • With Moomoo’s tempting rewards, it’s no surprise everyone’s eager to join and not miss out.
    First, a free AAPL share, and now a NVIDIA share worth RM4000. They definitely know how to attract new users.

    • is it legit? what if they closed their platform? how about iur investment? got protection by PIDM ?

      • No worries, Moomoo Malaysia is totally legit! SC Msia approved! They’ve got everything in order with partnerships and regulations. FYI, PIDM doesn’t cover stock investments ya, somehow Moomoo is committed to keeping our investments safe & secure as they prioritizes investor protection and compliance.

      • Moomoo is a stable & reputable platform with regulation from the Securities Commission Malaysia. The likelihood of it closing is very low, and even in such a rare scenario, regulatory oversight ensures that your investments would be carefully handled, possibly being transferred to another trusted brokerage, and any funds would be reimbursed to you.

  • Moomoo’s easy-to-use interface and customizable watchlists have made keeping track of my investments super simple. I’ve also found their advanced trading tools, like real-time data feeds and in-depth financial analysis features, incredibly helpful in managing my portfolio effectively.

  • Impressive to see Moomoo become the most downloaded financial app in MY.
    The integration of MY & US markets in a single platform has simplified my investment process, saving me time and effort in managing multiple accounts.

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